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Government will likely reject PC’s trail recommendation: Bouris
The recommendation to abolish trail is unlikely to be implemented by the current government, according to the head of Yellow Brick Road, who is spearheading a report ...
COMPLIANCE • Wed, 15 Aug 2018
Removing trail could ‘decimate’ regional brokers
Removing trail commission would “decimate” mortgage brokers operating in regional and rural areas, a realestate.com.au Home Loans broker has lamented.
BROKER • Tue, 14 Aug 2018
Changing prudential measures will open up SME finance: PC
Standardising risk weightings, extending CCR to SMEs, and increasing data sharing are among the measures that the Productivity Commission has identified will improve ...
GROWTH • Fri, 10 Aug 2018
Westpac commits $100m in ‘discounted’ loans to agribusinesses
The major bank has announced its commitment to disburse $100 million in loans to eligible drought-affected agribusiness customers as a record dry spell hits the east ...
BORROWER • Thu, 09 Aug 2018
AMP’s half-year profit plunges but mortgages grow
The wealth giant has reported a 74 per cent decline in first-half net profit due to a series of impairments incurred against the backdrop of the financial services royal ...
GROWTH • Wed, 08 Aug 2018
The mortgage see-saw
A new type of loan is gaining momentum in Australia, but not many brokers or borrowers know about it. Tas Bindi explores how this obscure loan product is helping ...
COMPLIANCE • Tue, 07 Aug 2018
Comparison sites ‘do not necessarily provide good advice’: PC
Financial services comparison sites “do not necessarily provide good advice” to customers and often operate on conflicted business models, the Productivity Commission has ...
GROWTH • Mon, 06 Aug 2018
Suncorp updates SME loan terms
The non-major bank has made changes to its small business loan terms in a bid to make them “fairer”, while also announcing the launch of a new calculator for SME loan ...
BORROWER • Fri, 03 Aug 2018
Vertical integration not a worry for Treasury
The Australian Department of Treasury has told the financial services royal commission that there is a lack of evidence showing that consumers are being harmed by ...
COMPLIANCE • Mon, 30 Jul 2018